Thread regarding State Street Corp. layoffs

Is anyone else really over worked

In a very profound way? Is your team really stretched too thin?

Do you have incredibly difficult deadlines to accomplish and too many deadlines?

Am I the only one feeling this way?

I feel like that we are stretched too thin have too much to do not enough time to breathe or eat a lunch like a human and zero appreciation for all of this

Maybe it's me but I think this is very unhealthy and has negative effects on my health

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| 2824 views | | 20 replies (last October 3, 2017) | Reply
Post ID: @OP+PsnUUUt

20 replies (most recent on top)

*equifax

Sorry didn’t preface it

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Post ID: @7ule+PsnUUUt

They must know the overtime costs to repair the mess the outsourced workers make is equal or greater to their perceived savings

Other corporations are realizing outsourcing has not been beneficial to the bottom line

Just watch the ceo excuse me former ceo squirm on the hot seat today

Outsourcing to Argentina didn’t work for them

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Post ID: @7mms+PsnUUUt

This is how State Street has beenworking the last 15 years.

Hmm I can hire a H1-B visa worker , Outsource the job to Indian and pay $30,000

Or I can keep the U.S worker with 15+++++ years exerience who I am paying $50,000

I will save $20,000 and it doesn't really matter i the Indian worker is not as qualified or experienced.

The U.S workers can just take up the job of fixing their mistakes.

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Post ID: @7qpe+PsnUUUt

I know too many with distress, stress and health impacted by the overwhelming stress by too great a workload and unrealistic demands placed upon them

It’s only going to get worse

And it’s not exclusive to state street unfortunately

It’s brutal out there

No real respite or job that offers any help

You either need a specialized advanced degree, be well connected or win the lottery

All have the same odds at least for me

1 in 300 million

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Post ID: @6sze+PsnUUUt

Do your job and shut up

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Post ID: @6faq+PsnUUUt

I wonder how many people would like to quit State Street but cann't because they know they be taking a 30% pay cut.

Yes there was a time when State Street gave good raises and bonuses to keep a loyal staff of workers.

Raises average 2% for okay workers, and 4% to 5% for good to excellent workers.

How many poor workers dread getting up each day to go to work, some stressed they suffer from headaches and nausa

I wonder how many workers are actually going to work emontionally distressed and actually causes

daily headaches and upset stomachs because of the stress.

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Post ID: @6ops+PsnUUUt

Post ID: @PsnUUUt-3hwq I understand how you feel and definitely believe that the management at State Street doesn't really care about the average worker. Although, I currently work for a small company where the situation is even worse than State Street and am getting paid around 65% of what I was earning. My take on working for a small company is that they are even worse than a large corporation like State Street. I have been in the work force for a while and worked for (5) small companies in total and only enjoyed working for one of these small companies. It was a very professional company where you were treated with respect and received good benefits. Only top management at small companies get treated decently and the rest the employees get treated very poorly and like you have no intelligence. Benefits at most small companies are also lacking and nothing like you receive from a large corporation. If I can't find another position in financial services, I will try a different career path like perhaps becoming a real estate agent.

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Post ID: @4nph+PsnUUUt

Sounds like Inhumane working conditions

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Post ID: @4ely+PsnUUUt

Bad typo there sorry

*lunch

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Post ID: @3vtb+PsnUUUt

Other than leaving to get it at the cafe I have always sat at my desk

I’m allowed to use the restroom and I can’t even imagine taking the full 30 minutes for myself other than buying the food to eat

I eat like a starving animal, in five minutes my food is done. Not healthy but reality with all the deadlines and not enough staff to divvy the workload fairly.

Eat out? I can only dream to get out and to be able to afford s real lynch experience .

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Post ID: @3hwq+PsnUUUt

Have you notice how the bosses always take their lunch time out of the office, while some poor workers are actually eating lunch at their desk because of the work load.

All workers hould be able to take break and lunch away from their desk so they can unwind.

But certain bosses actually encourage you not to leave the area.

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Post ID: @3vxy+PsnUUUt

@PsnUUUt-2goh

Ha ha I wish that wasn't so true!

Should've left when I had the chance except I read up on the other company and I might have been leaving the fire for the frying pan...or however that saying goes.

Just wish the layoffs didn't hang over our heads everyday and the short handed teams that saps the life out of me.

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Post ID: @2wiq+PsnUUUt

Stop whining and get back to work - Be thankful you have a job.

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Post ID: @2goh+PsnUUUt

Post ID: @PsnUUUt-1jpq Yes, I agree with your entire post. I was a long-time employee of State Street who was displaced a few years ago and am earning about 65% of what I was earning. Considering that before I was let go by State Street I didn't receive much of a raise either for many years, I would say that I am probably earning what I was about 20 years ago.

It really makes no sense as a well-educated, experienced person with an advanced degree that I have to struggle to survive.

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Post ID: @2xsl+PsnUUUt

Yes I had a coworker who was lucky retired with his pension, 401k and got social security.

Pensions were stopped around hmm 2005 I believe for new hires.

And the only people who are kept passed the age of 55yr are the Executives and their pets

aka brown noses

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Post ID: @1lho+PsnUUUt

Is there any department that is balanced and interesting and appreciated?

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Post ID: @1oxy+PsnUUUt

Pension ah the good old days, wish I had that safety net, i have to stash away 15% yes 15% each pay period so I can have food when I retire at 70....if I physically last that long or can keep my job that long. Grim future for those that started late mid 2000's

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Post ID: @1awt+PsnUUUt

Be thankful you have a JOB.

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Post ID: @1kjs+PsnUUUt

The remaining workers have felt like this for the last 10 years.

My dept was cut from 9 workers down to 5 workers, and when somebody is on vaction its a

staff of 4 workers.

Many of us old timers over the age of 45yr are just trying to last as long as we can.

I see people who were let go now working jobs paying 30% less .

I am 56 and just trying to make it till I am 59 1/2, then I can retire and access my 401k without paying a 10% penalty.

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Post ID: @1jpq+PsnUUUt

...must just be me.

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Post ID: @bwg+PsnUUUt

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